Technical & Derivatives Report
June 03, 2019
Sensex (39714) / Nifty (11923)
Exhibit 1: Nifty Daily Chart
During the last week, our markets witnessed a head start on
Monday as we once again started our march towards
the 12000 mark. During the week, we did manage to reclaim
this milestone but somehow unable to sustain at higher levels. In
fact on Friday, everything looked hunky dory and we were all set
to hit fresh record highs. But suddenly from nowhere, top index
heavyweights took a complete nosedive and within a blink of an
eye, we were nearly 200 point off in Nifty. Fortunately, this selling
was absorbed by buyers awaiting at lower levels and hence, a
recovery thereafter pushed index above 11900 to register a
highest ever weekly close.
During the week, we clearly witnessed a consolidation and this is
quite evident as the overall uncertainty is behind us post the
favourable election verdict. In fact, it’s a typical characteristic of a
During the week, the IT index had an encouraging move after
market, which never gives easy money when the trade becomes
recent underperformance. In fact, it was the only heavyweight
obvious and is known for giving sharper moves when they are
pocket who could post steady gains throughout the week. Apart
least expected. Now as far as levels are concerned, 11600-
from this, there is nothing much to comment on the sectoral
11500 has become a near term base and for this
front and hence, we need to closely observe how individual
week, 11840 can be seen as a sacrosanct level. Till the time, we
pockets perform in first couple of days of this week, which
are above these levels, the bias remains positive and we expect a
would give some idea about potential movers.
gradual march towards 12050-12200. However having said
that one needs to be very fussy now while selecting a stock as we
saw on Friday, we cannot just become complacent; because in
Key Levels
between we may experience such reality check.
Support 1 - 11900
Resistance 1 -
12000
Support 2 - 11840
Resistance 2 -
12050
Nifty Bank Outlook - (31375)
Exhibit 2: Nifty Bank Daily Chart
In Friday's session, the Nifty Bank index traded with a positive bias
for initial couple of hours. However, all of sudden, some of the
index heavyweights witnessed a sharp fall around noon and the
index nosedived about 1000 points. It recovered immediately
from the lows and consolidated for rest of the session to end the
day with a loss of half a percent.
The unusual movement seen in the index and the heavyweights
around noon baffled everyone. However, such moves may be due
to some trading errors and hence, it should not change the
overall market structure. For near term, 31236 and 30800 are
the immediate supports for Bank Nifty whereas 31700-31800 is
seen as the resistance zone. Traders are advised to be stock
specific and trade with proper risk management.
Key Levels
Support 1 - 31236
Resistance 1 -
31700
Support 2 - 30800
Resistance 2 -
31800
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Technical & Derivatives Report
June 03, 2019
Comments
Nifty Vs OI
The Nifty futures open interest has decreased by 2.07%.
Bank Nifty futures open interest has decreased by 0.32%
as market closed at 11922.80 levels.
The Nifty June future closed with a discount of 6.30
points against a premium of 30.80 points in last trading
session. The July series closed at a premium of 30.65
points.
The INDIA VIX has increased from 15.61 to 16.07.
At the same time, the PCR-OI of Nifty has decreased
from 1.64 to 1.43.
Few of the liquid counters where we have seen high cost
of carry are SOUTHBANK, RPOWER, GMRINFRA, MRPL
and ADANIPOWER.
Views
We began the very first session of June series with an
upside gap of decent margin and rallied towards the
OI Gainers
record high. All of a sudden, sharp sell-off was seen in
OI
PRICE
SCRIP
OI
PRICE
the mist to drag index below 11850 mark but soon
CHG. (%)
CHG. (%)
recovered some of the losses to reclaim 11900 on the
BERGEPAINT
4034800
32.42
330.30
9.43
closing basis.
VGUARD
2316000
29.53
242.55
0.40
FII’s were net buyers in the equity segment to the tune of
UJJIVAN
3217600
21.73
362.45
6.67
Rs.676 crores. In index futures front, they were sellers of
CUMMINSIND
1449700
19.23
790.05
2.25
Rs. 405 crores with rise in open interest, indicating some
COALINDIA
27390000
17.86
253.50
0.63
short formation on Friday’s session.
SRTRANSFIN
3616200
14.28
1164.30
2.67
In options front, they bought significantly of Rs. 2693
INFIBEAM
10180000
12.76
46.20
-9.48
crores with good amount of rise in open interest. Fresh
JISLJALEQS
27036000
12.17
49.90
-8.74
build-up was seen in 11900-12300 call options. on the
other side, 11800-11900 puts added some positions.
During last series, we observed decent long formation in
OI Losers
both the indices and we believe some of these positions
OI
PRICE
SCRIP
OI
PRICE
CHG. (%)
CHG. (%)
have been rolled over too. Rollovers in Nifty stood at
BEML
1285900
-12.69
973.95
-3.04
71.93%, slightly higher to the
3-month averages.
ENGINERSIN
6759100
-9.19
121.60
-2.40
Throughout the series, stronger hands formed hedged
INDIANB
4286000
-8.54
276.45
-2.21
positions (selling index futures and buying equities) which
TORNTPHARM
554500
-8.42
1564.85
-0.39
resulted in a decline in their index futures ‘Long Short
CEATLTD
768000
-8.27
979.80
-1.42
Ratio’ from 75% to 50%. However, on the expiry day they
GODREJIND
1494000
-6.83
491.75
1.91
rolled over fewer shorts which bought this ratio back to
NHPC
12960000
-6.80
25.05
0.20
60%. Considering the rollovers and the price action in
heavy weight individual counters we maintain our
SUNTV
5766000
-6.21
549.15
0.92
optimistic stands on market and soon expect Nifty to
surpass the immediate hurdle around 12000 mark.
Historical Volatility
Put-Call Ratio
SCRIP
HV
SCRIP
PCR-OI
PCR-VOL
BERGEPAINT
50.32
NIFTY
1.43
0.97
NCC
104.63
BANKNIFTY
0.78
0.86
PCJEWELLER
162.39
RELIANCE
0.60
0.71
HAVELLS
28.46
ICICIBANK
0.48
0.69
GODREJCP
33.55
INFY
1.26
0.46
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Technical & Derivatives Report
June 03, 2019
FII Statistics for May 31, 2019
Turnover on May 31, 2019
Open Interest
No. of
Turnover
Change
Detail
Buy
Sell
Net
Instrument
Value
Change
Contracts
( in Cr. )
(%)
Contracts
(in Cr.)
(%)
INDEX
INDEX
4201.63
4606.22
(404.58)
219716
18431.43
1.24
426872
32150.98
-0.34
FUTURES
FUTURES
INDEX
INDEX
182864.25
180171.24
2693.01
588958
49601.79
10.04
10104200
740155.33
-20.64
OPTIONS
OPTIONS
STOCK
18667.22
16236.23
2430.99
1418534
86203.16
4.62
STOCK
FUTURES
968489
59013.24
-46.24
FUTURES
STOCK
STOCK
5339.81
5288.58
51.23
47820
2964.94
134.50
577230
36859.62
-40.11
OPTIONS
OPTIONS
Total
211072.91
206302.27
4770.64
2275028
157201.32
6.88
TOTAL
732838
2568108
-23.60
Nifty Spot = 11922.80
Bull-Call Spreads
Bear-Put Spreads
Action
Strike
Price
Risk
Reward
BEP
Action
Strike
Price
Risk
Reward
BEP
Buy
11900
184.90
Buy
11900
173.85
52.40
47.60
11952.40
38.15
61.85
11861.85
Sell
12000
132.50
Sell
11800
135.70
Buy
11900
184.90
Buy
11900
173.85
96.75
103.25
11996.75
67.75
132.25
11832.25
Sell
12100
88.15
Sell
11700
106.10
Buy
12000
132.50
Buy
11800
135.70
44.35
55.65
12044.35
29.60
70.40
11770.40
Sell
12100
88.15
Sell
11700
106.10
Note: Above mentioned Bullish or Bearish Spreads in Nifty (June Series) are given as an information and not as a recommendation.
Nifty Put-Call Analysis
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Technical & Derivatives Report
June 03, 2019
Daily Pivot Levels for Nifty Constituents
Scrips
S2
S1
PIVOT
R1
R2
ADANIPORTS
403
410
414
420
424
ASIANPAINT
1,358
1,383
1,405
1,430
1,452
AXISBANK
781
795
807
820
832
BAJAJ-AUTO
2,877
2,901
2,940
2,965
3,003
BAJFINANCE
3,400
3,434
3,482
3,516
3,565
BAJAJFINSV
8,080
8,134
8,207
8,260
8,333
BPCL
397
403
412
419
428
BHARTIARTL
341
345
349
353
357
INFRATEL
263
266
271
274
279
BRITANNIA
2,847
2,884
2,927
2,965
3,008
CIPLA
541
550
560
568
578
COALINDIA
245
249
256
260
267
DRREDDY
2,603
2,641
2,664
2,702
2,726
EICHERMOT
19,540
19,744
20,004
20,207
20,467
GAIL
354
357
360
364
367
GRASIM
858
872
893
906
927
HCLTECH
1,071
1,082
1,091
1,101
1,110
HDFCBANK
2,308
2,366
2,416
2,475
2,524
HDFC
2,116
2,149
2,173
2,206
2,230
HEROMOTOCO
2,605
2,642
2,703
2,741
2,801
HINDALCO
193
195
197
199
202
HINDUNILVR
1,746
1,767
1,785
1,806
1,824
IBULHSGFIN
762
774
787
800
813
ICICIBANK
407
415
423
431
439
IOC
160
163
166
169
172
INDUSINDBK
1,535
1,570
1,590
1,626
1,646
INFY
728
733
738
743
748
ITC
268
274
283
288
297
JSW STEEL
264
268
274
278
284
KOTAKBANK
1,435
1,478
1,511
1,555
1,588
LT
1,511
1,534
1,558
1,581
1,605
M&M
632
639
653
660
674
MARUTI
6,749
6,809
6,885
6,946
7,022
NTPC
130
132
134
135
138
ONGC
163
168
171
175
178
POWERGRID
186
188
190
192
194
RELIANCE
1,309
1,320
1,331
1,341
1,352
SBIN
338
345
352
359
365
SUNPHARMA
400
405
411
416
422
TCS
2,132
2,164
2,185
2,217
2,237
TATAMOTORS
166
169
173
177
181
TATASTEEL
474
481
488
495
502
TECHM
728
744
754
770
780
TITAN
1,214
1,225
1,238
1,249
1,261
ULTRACEMCO
4,615
4,688
4,732
4,805
4,849
UPL
979
989
1,003
1,013
1,027
VEDANTA
155
158
162
165
169
WIPRO
282
284
287
289
292
YESBANK
139
142
149
152
159
ZEEL
341
349
361
369
381
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Technical & Derivatives Report
June 03, 2019
Research Team Tel: 022 - 39357800
Website: www.angelbroking.com
For Technical Queries
E-mail: [email protected]
For Derivatives Queries
E-mail: [email protected]
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